Of the nearly 100 million tons of known global reserves that can be economically extracted, 36,000 tons are at opposite ends of China, in the south and up north in Inner Mongolia. Russia and other states of the former Soviet Union have 19 million tons of reserves; the US, 13 million tons; Australia, 5.4 million tons; and India, 3.1 million tons.
i am not suggesting that this goes to zero, and I mean zero. Are any of you familiar with environmental laws in California, this mining operation was shut down in 2002, and hell over high water are Californians going to allow any of this in their backyard. This actually could be headed to sub $5.